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Revenue from Contracts with Customers (Tables)
 6 Months Ended
Jun. 30, 2018
Revenue from Contract with Customer [Abstract]  
Pro Forma Impact on Financial Statements
 
June 30, 2018
 
As reported
 
Prior guidance
 
Total increase (decrease)
Balance Sheet
 
 
 
 
 
Total Assets
$
6,246,751

 
$
6,250,943

 
$
(4,192
)
Accounts receivable
$
408,703

 
$
407,204

 
$
1,499

Current income taxes
$
39,100

 
$
39,298

 
$
(198
)
Other current assets and prepayments
$
102,104

 
$
102,760

 
$
(656
)
Assets of discontinued operations
$
313,356

 
$
312,922

 
$
434

Noncurrent income taxes
$
54,099

 
$
54,429

 
$
(330
)
Other assets
$
528,945

 
$
533,886

 
$
(4,941
)
 
 
 
 
 
 
Total Liabilities
$
6,050,834

 
$
6,062,221

 
$
(11,387
)
Accounts payable and accrued liabilities
$
1,349,344

 
$
1,347,837

 
$
1,507

Current income taxes
$
5,686

 
$
43

 
$
5,643

Advance billings
$
237,709

 
$
250,948

 
$
(13,239
)
Liabilities of discontinued operations
$
84,219

 
$
84,132

 
$
87

Deferred taxes on income
$
234,190

 
$
238,539

 
$
(4,349
)
Other noncurrent liabilities
$
461,074

 
$
462,110

 
$
(1,036
)
 
 
 
 
 
 
Total Stockholders' equity
$
195,917

 
$
188,722

 
$
7,195

Retained earnings
$
5,248,991

 
$
5,241,824

 
$
7,167

Accumulated other comprehensive loss
$
(810,251
)
 
$
(810,279
)
 
$
28

The impact on our consolidated financial statements as if they were presented under the prior guidance is as follows:
 
Three months ended June 30, 2018
 
Six months ended June 30, 2018
 
As reported
 
Prior guidance
 
Total increase (decrease)
 
As reported
 
Prior guidance
 
Total increase (decrease)
Income Statement
 
 
 
 
 
 
 
 
 
 
 
Total revenue
$
861,436

 
$
852,781

 
$
8,655

 
$
1,742,384

 
$
1,724,060

 
$
18,324

Equipment sales
$
105,750

 
$
106,301

 
$
(551
)
 
$
216,121

 
$
217,533

 
$
(1,412
)
Software
$
91,702

 
$
82,054

 
$
9,648

 
$
167,996

 
$
147,329

 
$
20,667

Business services
$
367,876

 
$
368,318

 
$
(442
)
 
$
754,414

 
$
755,345

 
$
(931
)
 
 
 
 
 
 
 
 
 
 
 
 
Total costs and expenses
$
807,972

 
$
810,342

 
$
(2,370
)
 
$
1,627,631

 
$
1,629,841

 
$
(2,210
)
Cost of equipment sales
$
47,106

 
$
47,035

 
$
71

 
$
93,160

 
$
93,219

 
$
(59
)
Cost of software
$
26,459

 
$
25,769

 
$
690

 
$
50,514

 
$
48,542

 
$
1,972

Selling, general and administrative
$
282,456

 
$
285,587

 
$
(3,131
)
 
$
577,894

 
$
582,017

 
$
(4,123
)
 
 
 
 
 
 
 
 
 
 
 
 
Income from continuing operations before taxes
$
53,464

 
$
42,439

 
$
11,025

 
$
114,753

 
$
94,221

 
$
20,532

Provision for income taxes
$
6,458

 
$
3,640

 
$
2,818

 
$
22,721

 
$
17,434

 
$
5,287

Net income from continuing operations
$
47,006

 
$
38,799

 
$
8,207

 
$
92,032

 
$
76,787

 
$
15,245

 
 
 
 
 
 
 
 
 
 
 
 
Basic earnings per share attributable to common stockholders - continuing operations
$
0.25

 
$
0.21

 
$
0.04

 
$
0.49

 
$
0.41

 
$
0.08

Diluted earnings per share attributable to common stockholders - continuing operations
$
0.25

 
$
0.22

 
$
0.03

 
$
0.49

 
$
0.41

 
$
0.08
Disaggregation of Revenue
The following tables disaggregate our revenue by major source:
 
Three months ended June 30, 2018
 
Global Ecommerce
Presort Services
North America Mailing
International Mailing
Software Solutions
Total Revenue from sales and services (ASC 606)
Revenue from leasing transactions and financing
Total Consolidated Revenue
Equipment sales
$
—

$
—

$
15,303

$
11,654

$
—

$
26,957

$
78,793

$
105,750

Supplies
—

—

36,271

19,186

—

55,457

—

55,457

Software
—

—

—

—

91,702

91,702

—

91,702

Rentals
—

—

5,121

2,139

—

7,260

84,549

91,809

Financing
—

—

15,714

2,866

—

18,580

58,091

76,671

Support services
—

—

50,902

21,269

—

72,171


72,171

Business services
239,100

122,730

4,453

1,593

—

367,876

—

367,876

 
$
239,100

$
122,730

$
127,764

$
58,707

$
91,702

$
640,003

$
221,433

$
861,436

 
 
 
 
 
 
 
 
 
Revenue from sales and services (ASC 606)
$
239,100

$
122,730

$
127,764

$
58,707

$
91,702

$
640,003

$
—

$
640,003

Revenue from leasing transactions and financing
—

—

186,782

34,651

—

—

221,433

221,433

     Total revenue
$
239,100

$
122,730

$
314,546

$
93,358

$
91,702

$
640,003

$
221,433

$
861,436

 
 
 
 
 
 
 
 
 
Timing of revenue recognition (ASC 606)
 
 
 
 
 
 
Products/services transferred at a point in time
$
—

$
—

$
51,574

$
30,840

$
38,963

$
121,377

 
 
Products/services transferred over time
239,100

122,730

76,190

27,867

52,739

518,626

 
 
      Total revenue
$
239,100

$
122,730

$
127,764

$
58,707

$
91,702

$
640,003

 
 
 
Six months ended June 30, 2018
 
Global Ecommerce
Presort Services
North America Mailing
International Mailing
Software Solutions
Total Revenue from sales and services (ASC 606)
Revenue from leasing transactions and financing
Total Consolidated Revenue
Equipment sales
$
—

$
—

$
32,449

$
25,018

$
—

$
57,467

$
158,654

$
216,121

Supplies
—

—

75,223

40,227

—

115,450

—

115,450

Software
—

—

—

—

167,996

167,996

—

167,996

Rentals
—

—

10,832

4,305

—

15,137

171,298

186,435

Financing
—

—

32,290

5,842

—

38,132

118,642

156,774

Support services
—

—

101,647

43,547

—

145,194

—

145,194

Business services
485,690

257,188

8,255

3,281

—

754,414

—

754,414

 
$
485,690

$
257,188

$
260,696

$
122,220

$
167,996

$
1,293,790

$
448,594

$
1,742,384

 
 
 
 
 
 
 
 
 
Revenue from sales and services (ASC 606)
$
485,690

$
257,188

$
260,696

$
122,220

$
167,996

$
1,293,790

$
—

$
1,293,790

Revenue from leasing transactions and financing
—

—

379,419

69,175

—

—

448,594

448,594

     Total revenue
$
485,690

$
257,188

$
640,115

$
191,395

$
167,996

$
1,293,790

$
448,594

$
1,742,384

 
 
 
 
 
 
 
 
 
Timing of revenue recognition (ASC 606)
 
 
 
 
 
 
Products/services transferred at a point in time
$
—

$
—

$
107,672

$
65,245

$
65,020

$
237,937

 
 
Products/services transferred over time
485,690

257,188

153,024

56,975

102,976

1,055,853

 
 
      Total revenue
$
485,690

$
257,188

$
260,696

$
122,220

$
167,996

$
1,293,790

 
 
Contract Assets and Advance Billings
Contract Assets and Advance Billings from Contracts with Customers
 
June 30, 2018
 
January 1, 2018 (1)
 
Total increase (decrease)
Contracts assets, current
$
8,213

 
$
5,075

 
$
3,138

Contracts assets, noncurrent
$
4,006

 
$
648

 
$
3,358

Advance billings, current
$
186,778

 
$
209,098

 
$
(22,320
)
Advance billings, noncurrent
$
14,658

 
$
17,765

 
$
(3,107
)
(1) Balances adjusted for the cumulative effect of accounting change
Future Performance Obligations
The transaction prices allocated to future performance obligations will be recognized as follows:
 
Total
 
Remainder of 2018
 
2019
 
2020-2025
North America Mailing(1)
$
233,955

 
$
57,793

 
$
89,529

 
$
86,633

International Mailing(1)
117,562

 
29,432

 
36,415

 
51,715

Software Solutions(2)
102,383

 
41,674

 
36,120

 
24,589

Total
$
453,900

 
$
128,899

 
$
162,064

 
$
162,937

(1) Revenue streams bundled with our leasing contracts, primarily maintenance and other services
(2) Multiple-year software maintenance contracts, certain software and data licenses and data updates